Broadcom CEO Hock Tan recently predicted at an investor conference that technology giants’ investment boom in artificial intelligence will continue until the end of this century. He pointed out that despite the challenges facing the global economy, spending in the AI field has grown rapidly, reflecting strong market demand. This wave of AI investment not only promotes hardware research and development, but also drives innovation in software and services, prompting all walks of life to actively explore AI technology to improve efficiency and customer experience. As a chip manufacturer, Broadcom has also benefited greatly from this. Its market value has exceeded one trillion US dollars, confirming the booming development trend of the AI market.
Hock Tan, CEO of U.S. semiconductor company Broadcom, said at an investor conference recently that the investment boom in artificial intelligence (AI) by technology giants is expected to continue until the end of this century. He emphasized that despite the challenges facing the global economy, spending in the AI field is growing rapidly, showing strong market demand.
Picture source note: The picture is generated by AI, and the picture authorization service provider Midjourney
Hock Tan pointed out at the meeting that technology companies are "investing fully" in AI and related technologies to meet growing market demand. He mentioned that with the advancement of AI technology and the continuous expansion of application scenarios, major technology companies will continue to increase their investment in this field. This trend includes not only the development of hardware, but also innovation in software and services.
Broadcom, as a leading chip manufacturer, is benefiting from this wave of AI investments. The company's recent financial report showed that its performance exceeded expectations and its market value exceeded US$1 trillion, setting a new high. Hock Tan said this achievement was due to the company's strong performance in areas such as data centers, 5G and cloud computing. He pointed out that as enterprises' demand for high-performance computing increases, Broadcom's products will play an important role in future market competition.
Hock Tan also mentioned that the development of AI technology is not limited to large technology companies, small businesses and startups are also actively participating in this field. He said that AI is becoming the core driving force for the transformation of various industries, and various industries are seeking to improve operational efficiency and customer experience through AI technology.
In addition, Hock Tan also emphasized that government policy support and investment will further promote the innovation and application of AI technology. He expects that in the next few years, as technology continues to evolve and applications expand, the AI field will usher in more investment opportunities and market growth.
Hock Tan expressed optimism about Broadcom's future development prospects. He believes that with the integration of AI and other emerging technologies, Broadcom will continue to remain competitive in the global technology industry and achieve higher growth goals.
Highlight:
The AI investment boom is expected to continue into the late 2020s, and tech giants are going all-in.
Broadcom's market capitalization exceeded US$1 trillion, benefiting from strong performance in areas such as data centers and cloud computing.
Government policy support will promote innovation in AI technology, and various industries are actively seeking AI transformation opportunities.
All in all, Hock Tan's prediction and Broadcom's success story clearly indicate that AI is becoming an unstoppable global technology wave, with broad development prospects and worthy of continued attention. In the future, AI technology will continue to evolve and profoundly affect the development of all walks of life.